Word: dollarization
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Dates: during 1980-1989
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...discovered it one night when I was doing my laundry, and needed change for a dollar. Country bumpkin that I am, I walked into Store 24, waited in line, and asked for change...
...Treasury, Secretary James Baker is managing the dollar's decline in value against foreign currencies with virtually no kibitzing from the White House across the street. "The President trusts Jim," shrugged a Treasury executive. Just a few blocks away at the beleaguered NASA a high official declared, "Without the President's unshakable faith that we can still do the job in space we would have been destroyed by now." Off in the Mediterranean on board ships and carriers of the Sixth Fleet, the words spoken by Reagan during last month's Gulf of Sidra incident were like a surge...
...rioting in Egypt and of random bombings in France. Last week travelers had further cause to be spooked by the harsh words and bellicose gestures flying between the U.S. and Libya. Reasons other than the terrorism scare, such as a sharp decline in the value of the U.S. dollar abroad and an abundance of cheap gasoline at home, are also involved in the shuffle of itineraries. Even so, says Sam Massell, an Atlanta travel agent, "if you're going on vacation, you want to start off happy. You're not supposed to go where you have to think about stress...
...change in U.S. traveling patterns is already starting to have substantial effects. Until late last year, U.S. travel to Europe and the Mediterranean was setting records, thanks partly to the buying power of the strong dollar. Some 6.4 million Americans visited European countries in 1985, up from 5.8 million the previous year. Now the trade magazine Travel Industry Monthly expects European tourism by Americans to fall by about 25% in 1986. Western Europe's total revenue from U.S. tourists is expected to drop by $2 billion in 1986, from a record $7 billion last year...
...studio apartment in Boston's North End was an unlikely headquarters for a multimillion-dollar business. No grand entrance, no smiling receptionist. But it was in that nondescript room that leaders of the Angiulo crime family, the city's predominant underworld dynasty, met regularly to plan the fortunes of an evil empire fed by murder, gambling and loan sharking. Often their plotting turned to what they considered a vexing subject: how to avoid the reach of a unique federal law called RICO, which not only targets Mob leaders but can also dismantle their whole illegal enterprise. "Remember that word 'enterprise...